LuxUrban Hotels Inc. (NASDAQ:LUXHP) Declares $0.27 Monthly Dividend

LuxUrban Hotels Inc. (NASDAQ:LUXHP) declared a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Investors of record on Wednesday, January 15th will be paid a dividend of 0.2708 per share on Friday, January 31st. This represents a $3.25 annualized dividend and a dividend yield of 19.89%. The ex-dividend date is Wednesday, January 15th.

LuxUrban Hotels Stock Up 9.3 %

LUXHP stock opened at $16.34 on Monday. LuxUrban Hotels has a one year low of $11.89 and a one year high of $24.80. The company has a 50 day moving average price of $15.21 and a two-hundred day moving average price of $14.85.

LuxUrban Hotels Company Profile

LuxUrban Hotels Inc engages in the leasing of entire existing hotels on a long-term basis and rent out hotel rooms in the properties it leases. It manages a portfolio of hotel rooms in New York, Miami Beach, New Orleans, and Los Angeles. The company was formerly known as CorpHousing Group Inc and changed its name to LuxUrban Hotels Inc in November 2022.